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File #: 18-0784 CRA    Version: 1 Name:
Type: CRA Board Action Status: Agenda Ready
File created: 4/27/2021 In control: Community Redevelopment Agency
On agenda: 4/27/2021 Final action:
Title: SITE DEVELOPMENT ASSISTANCE FUNDING - PREMIER VIRTUAL, LLC (430 NE 5TH AVENUE) FOR AN AMOUNT NOT TO EXCEED $36,400.
Attachments: 1. Agenda Cover Report, 2. Exhibit A - Location Map, 3. Exhibit B - Photos of existing conditions, 4. Exhibit C - Floor Plan, 5. Exhibit D - Funding Assistance Detail Sheet - Premier Virtual Site Development, 6. Exhibit E - Application Form, 7. Exhibit F - Project Narrative, 8. Exhibit G - Business Plan & Financial Projections, 9. Exhibit H - Site Development Assistance Program Guidelines approved modifications 10.27.2020
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO: CRA Board of Commissioners
FROM: Alexina Jeannite, Grant Manager
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: April 27, 2021

Title
SITE DEVELOPMENT ASSISTANCE FUNDING - PREMIER VIRTUAL, LLC (430 NE 5TH AVENUE) FOR AN AMOUNT NOT TO EXCEED $36,400.

Body
Recommended Action:
Recommendation
Approve the Site Development Assistance Program Funding Agreement with Premier Virtual, LLC for the proposed interior and exterior improvement project located at 430 NE 5th Avenue, CRA sub-area #5, in an amount not to exceed $36,400.

Body
Background:
Premier Virtual, LLC submitted a request for funding assistance to help towards the renovations of their new office space located at 430 NE 5th Avenue, within CRA sub-area #5.

Premier Virtual is a Software-as-a-Service platform for online job and career fair events. Organizations such as state and federal use our platform to host major statewide and local job fairs to help the unemployed citizens and local companies looking to hire. The Company recently relocated to Delray Beach and signed a five-year lease for a 3,600 square foot office space to accommodate its planned growth and new hires, including the transition of the Company’s software development team in-house from the current offshore outsourced provider. Currently, Premier Virtual has 17 employees ¾15 full time position and 2 part time ¾ with plans to expand their workforce with 14 additional jobs.

The leased premises were provided “as-is” and are in need of certain renovations which will help the Premier Virtual attract and retain top-notch talent and address certain Covid-related and other safety measures. Premier Virtual is requesting funding assistance for interior and exterior improvements including workspace buildout; replacement of existing garage wood doors to hurricane-proof doors; installation of disinfecting stations and shower to improve office cleanliness and safety; purchase and installation of exterior canopy and awnin...

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